Nation’s Second Largest Cable Operator to Build New Headquarters in Connecticut

STAMFORD: Charter Communications [Nasdaq:CHTR] has announced today [October, 3 2017] plans to build a new 15-story headquarters in Connecticut and add another 1,100 jobs there, with the help of up to $20 million in loans and tax credits from the state.

The new building at the Gateway Harbor Point development, abuts Long Island Sound and is projected to be 500,000 square feet, occupancy will begin in 2019.

“Since relocating Charter’s headquarter operations to Stamford in 2012, the company has undergone a transformation to become the second largest cable provider in the U.S.,” said chairman and CEO Tom Rutledge in a press release. “This new, state-of-the-art facility in downtown Stamford will provide Charter the necessary resources to facilitate its continued growth. ”

The city which took a hit in the financial crisis continues to add jobs. The job search website Indeed announced in July that it will add, add 500 positions to its current workforce of 700 and would make a$26.5 million in its offices.

Charter announced its plans Charter first moved its headquarters to Stamford in 2012 from Town and Country, Mo.,

The company and has agreed to $100 million in capital spending in the state over the next several years.

Governor Dannel Malloy the former mayor of Stamford said the state will provide a 10-year, $10 million low-interest loan and up to $10 million in tax credits. Malloy called it “a great day for Connecticut,” adding that Charter’s plan to create 1,100 jobs at the new site “shows that our strategic investments are continuing to spur economic growth and create good paying jobs in the state.”